Senate probes banks' aluminium warehouse role

A US Senate committee heard evidence on the controversial role of big banks in the aluminium industry.

Buyers like beer giant MillerCoors testified that banks' control of metal warehouses has increased their costs by as much as $3bn (£1.95bn) last year.

The Senate Banking Committee is investigating whether banks should be allowed to control infrastructure used in the commodities and energy sectors.

This includes warehouses used to store metals like aluminium...


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